ubisoft entertainment (UBI) Snapshot

Ubisoft Entertainment SA reported earnings results for the fiscal year 2013. For the period, the company’s sales reached EUR 1,256,000,000, up 18% versus last year. Non-IFRS operating income ended up at EUR 100 million, up 79% at the top end of its recently revised guidance and above the guidance of EUR 70 million to EUR 90 million the company provided a year ago. Non-IFRS EBIT was EUR 100 million, a 79% growth and a 2.7 point margin improvement compared to last year. With a 28.7 average tax rate, its non-IFRS net income stood at EUR 69.2 million versus EUR 37.4 million in fiscal year 2012, representing a non-IFRS earnings per share of EUR 0.71 versus EUR 0.39 in fiscal year 2012. On the cash flow side, the improved profitability, as well as the reduced gap between R&D expenses and R&D investment led to an improvement of the cash flow from operation that went from minus EUR 27 million to plus EUR 59 million. For the fiscal year 2014, the company target sales of between EUR 1,420,000,000 and EUR 1,450,000,000 and for non-IFRS operating income of between EUR 110 million and EUR 125 million, and to generate positive free cash flows. Gross margin is expected to be up again by an expected 1% point.

Ubisoft Entertainment SA, 2013 Earnings Call, May 15, 2013

Ubisoft Entertainment SA announced that they will report fiscal year 2013 results on May 15, 2013